Lights, camera, inflation: film budgets set to rise up to 25% amid West Asia war
New Delhi, May 24 -- Film producers and content makers across long- and short-format programming are bracing for a 20% to 25% budget increase as the geopolitical crisis arising from the West Asia war persists. With fuel and travel costs rising, everyday shooting expenses are expected to increase, posing a threat to projects, especially small and mid-budget titles.
This pressure follows a decline in box-office revenue from the usually profitable Middle East market. While top stars have not yet faced budget cuts, producers are already re-evaluating all other production and logistical expenses to manage costs.
In a recent open letter, actor Kamal Haasan called for practical and sustainable operating practices for efficient filmmaking, such...
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